Italy - Factors to watch on June 6

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

For a complete list of diary events in Italy please click on .

POLITICS

Italy’s new, anti-establishment government won its first confidence vote in the upper house Senate on Tuesday after Prime Minister Giuseppe Conte had presented his coalition’s agenda of tax cuts and higher welfare spending.

ECONOMY

ENI

Eni has no material exposure to Iran and so will not be affected by sanctions announced by the U.S. administration, a spokesman said on Tuesday. (*) Kazakhstan is close to settling a tax dispute with Eni and other oil companies operating Karachaganak field, MF said. The oil groups could pay up to $1.6 billion to reach a deal.

FALCK RENEWABLES

Falck Renewables completed the acquisition of three photovoltaic projects in Massachusetts.

SNAITECH

Pluto (Italia), controlled by the Playtech group, has launched an offer on the shares of Snaitech it does not already own after buying more than 70 percent of the company at 2.19 euros per share.

(*) TELECOM ITALIA

European Union governments and lawmakers have agreed to cap the price of calling from one EU country to another, seeking to score another political victory with citizens after the elimination of mobile roaming surcharges.

(*) POSTE ITALIANE, GENERALI, UNIPOL

The state-controlled group is expected to clinch a partnership on the car insurance business by the end of the summer, MF reported without citing sources. MF said insurance groups Axa and Zurich — along with Generali, Unipol and Allianz — were interested in partnering with Poste.

LEONARDO

The maker of air conditioning and refrigeration control systems has narrowed the price range of its planned initial public offering to 7.0 euros to 7.2 euros per share from a previous range of 6.7 euros to 7.8 euros, a source with knowledge of the matter said on Tuesday.

The Carel’s share offer started on May 25 and ends on Wednesday.

(*) BANCA SISTEMA

Private equity funds are looking at the possibility to invest in the lender, MF reported.

(*) REAL ESTATE

U.S. fund Blackstone mulls the sale of its real estate assets in Italian fashion outlets, Il Sole 24 Ore reported on Wednesday, adding the total value of the assets is around 800 million euros.